The BRRRR Strategy Explained: In a recent video, I take you on-site to a three-bedroom house in South Birmingham that most amateur investors would run away from. This isn’t just a renovation, it’s a masterclass in the BRRRR strategy (Buy, Refurbish, Rent, Refinance, Repeat).
In the video, I show you an example of how the BRRRR strategy works in practice, going step-by-step through a real property deal. If you want to see the BRRRR strategy explained in detail, make sure to watch the video until the very end.
You can watch the video at the top of this blog post, or on YouTube. If you watch the video on YouTube, let me know what you learnt about the BRRRR method, and what you would like me to cover in future videos.
Most people buy one house, then save up to buy another. The BRRRR method allows you to use the same pot of cash to buy multiple properties!
In this article, I give you a 3-step process for building your property portfolio using a small amount of starting capital. By the end of this blog post you will understand how to use the BRRRR strategy to purchase property, and exit the rat race!
The rich know how to use the BRRRR method to build their wealth, but most ordinary people don’t. Most people are stuck buying one property, and then saving up for years to buy another! That’s why I wrote this article, so that everyday people can learn this amazing wealth building hack!
I want as many people as possible to read this article, but I need your help reaching them. If you enjoyed this ‘BRRRR strategy explained’ blog post, please take a moment to share it on social media. That way, we can help more people achieve financial freedom.
1. The BRRRR Strategy Explained: Buy And Refurbish!
The first step is to find a rundown property that you can refurbish. This is typically unmortgageable houses that most residential buyers will avoid. You can use your own cash, investor finance, or a bridging loan to buy the property.
You will then refurbish the house, spending as little as possible while adding as much value as possible.
2. The BRRRR Strategy Explained: Rent And Refinance!
You can consider a number of options for renting the property. You could rent the property as: an HMO; serviced accommodation; or even to social housing.
You can now move the property on to a mortgage based on the new value of the house. If you do the process correctly, the new mortgage will cover what you spent on buying the property and on the refurbishment.
3. The BRRRR Strategy Explained: Repeat To Grow Your Wealth!
This means you will get your investment back in the form of a mortgage. Because this is a loan, there is no tax to pay.
This means you can now take the same pot of cash, and buy another property. You can repeat this process over and over again, building a property portfolio!
The BRRRR Strategy Explained: Now It Is Time To Get Trained!
Well, that’s the BRRRR strategy explained, now it is time to get trained! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
